Saturday, 30 August 2014
Last updated 15 hours ago
Dec 7 2012 | 10:20am ET
Rajat Gupta, sentenced to two years in prison for passing confidential corporate tips to hedge fund manager Raj Rajaratnam, won't be going to jail until at least April.
The former McKinsey & Co. chief, convicted in June of passing tips gleaned during his service on the boards of directors at Goldman Sachs and Procter & Gamble, had his appeal expedited this week by a federal appeals court. Gupta's lawyers could be making their case before the U.S. Second Circuit Court of Appeals in Manhattan as soon as April 1.
Earlier this week, Gupta learned that he'd remain free on bail pending that appeal. Gupta was to report to prison on Jan. 8.
Briefs in the appeal are due on March 29.
A jury found Gupta guilty of three counts of securities fraud and one count of conspiracy. Prosecutors said he told Rajaratnam, a longtime friend and the head of Galleon Group, about a $5 billion investment by Berkshire Hathaway in Goldman in 2008, among other nuggets. Rajaratnam is currently serving 11 years in prison; his non-expedited appeal was heard by a Second Circuit panel in October.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...